Xander and GIC Join Forces for a $250 Million India Real Estate Deal
Singapore-based Xander Investment Management and GIC
Real EstatePrivate EquitySovereign Wealth FundIndiaInvestmentReal EstateMay 30, 2024
The seller, SPREF II, is a joint venture between Shapoorji Pallonji and the Abu Dhabi Investment Authority. The deal marks a significant milestone in the Indian real estate sector, which has seen increased investment from foreign players in recent times.
Xander Investment Management, a Singapore-based private equity firm, has been actively investing in the Indian real estate market for several years. The firm has a strong track record of investing in high-quality assets and has built a reputation for its expertise in the sector.
GIC, on the other hand, is Singapore's sovereign wealth fund, which manages the country's foreign reserves. The fund has a long-term investment approach and has been investing in the Indian market for several years.
The acquisition of the special economic zone is a strategic move by Xander and GIC, as it provides them with a significant presence in one of India's major IT hubs. The zone is expected to attract several major IT companies and is likely to generate significant employment opportunities in the region.
Xander Investment Management is a Singapore-based private equity firm that invests in real estate, infrastructure, and other sectors. The firm has a strong track record of investing in high-quality assets and has built a reputation for its expertise in the sector.
GIC is Singapore's sovereign wealth fund, which manages the country's foreign reserves. The fund has a long-term investment approach and has been investing in the Indian market for several years.
Xander Investment Management is a leading private equity firm that invests in real estate, infrastructure, and other sectors. The firm has a strong track record of investing in high-quality assets and has built a reputation for its expertise in the sector.
GIC is Singapore's sovereign wealth fund, which manages the country's foreign reserves. The fund has a long-term investment approach and has been investing in the Indian market for several years.
Frequently Asked Questions
Who are the investors in the $250 million India real estate deal?
The investors are Xander Investment Management and GIC the country's sovereign wealth fund
What is the nature of the deal?
The deal involves the acquisition of a special economic zone in one of India's major information technology centers
Who is the seller in the deal?
The seller is SPREF II a joint venture between Shapoorji Pallonji and the Abu Dhabi Investment Authority
What is the significance of the deal?
The deal marks a significant milestone in the Indian real estate sector which has seen increased investment from foreign players in recent times
What is the expected impact of the deal?
The zone is expected to attract several major IT companies and is likely to generate significant employment opportunities in the region
Related News Articles
The Unraveling of Baner Hills: How Industrialization Pushed Pune's Oasis to the Brink
Experts say that Baner and its surroundings are lucrative real estate destinations of Pune because of the visible green cover of the hills and the Mula river flowing past with its tributaries.
FPCE Questions MahaRERA's Conciliation Forum: A Threat to Homebuyers' Rights?
FPCE, a homebuyers' association, has raised concerns about MahaRERA's conciliation forum, alleging a conflict of interest and questioning its constitution and functioning.
Mumbai's Illicit Real Estate Agents Undermine MahaRERA's Efforts
Despite MahaRERA's stringent measures, unregistered real estate agents continue to flourish, posing significant challenges to homebuyers in Maharashtra.
Bengaluru Sees 19% Jump in Home Sales in Q2 2024, Driven by IT Sector and Hybrid Work Models
Bengaluru's residential market continues to display steady growth, with a 19% increase in home sales in Q2 2024. Read more about the latest trends in the city's real estate market.
Arkade Developers IPO Sees Strong Response on Day 2, Subscribed 24.23 Times
The real estate company's public offer has received a strong response from investors, with the issue being subscribed 24.23 times so far.
Maharashtra Cabinet Renames Pune Airport After Sant Tukaram Maharaj
The Maharashtra Cabinet has approved a proposal to rename Pune airport after the 17th-century Warkari saint and poet, Sant Tukaram Maharaj.